MOL Invests in Leading Malaysian Logistics Company

Mitsui O.S.K. Lines, Ltd. (MOL) has announced that it acquired 20.9% share in PKT Logistics Group Sdn. Bhd. (PKT), a leading Malaysian logistics company.

PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution to its customers. The company also owns and operates state-of-the-art, environment-friendly warehouses at their ‘One Logistics Hub’ in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total.

In 2014, PKT acquired a 70-acre piece of land in Batu Kawan Industrial Park, Penang, to develop the ‘One Auto Hub’. The ‘One Auto Hub’ is PKT’s landmark investment to support the logistics needs of automotive and electronics manufacturers in the north of Malaysia. The first component to be completed, The 12 Waves warehouse, offers over 60,000m2 of space for warehousing and value-add activities.

Since year 2000, the Malaysian economy has consistently seen annual growth rates of over 5% and it is expected to continue growing strongly, integrating itself further into the ASEAN Economic Community. This acquisition provides MOL Group with an opportunity to significantly enhance their operational capabilities in Malaysia, by leveraging synergies to pave the way for MOL Group’s broad expansion in ASEAN.

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